Commercial Property News

Our magazines are published bi-monthly with in-depth features and news for the commercial property industry. On this page we have the latest news to keep you constantly updated on the market. On the left hand side of the page you can search our archived news which is stored monthly.

Tuesday, August 19, 2023

Rokeby Developments commence mixed-use Newcastle development

Following on from its successful earlier developments on Shields Road, Rokeby Developments has commenced construction of Phase 2b and with the announcement of five pre-lets.

Designed by Newcastle based architects, Ryder HKS, in keeping with the local vernacular and scale of earlier developments, under this latest phase Rokeby will develop a row of six, high quality, retail units with two offices to first floor level.

Each retail unit has been designed with an entrance facing onto Shields Road and will range in size from 657 sq ft to 1,424 sq ft, while the office accommodation will provide occupiers with floorplates of 3,700 sq ft and 2,500 sq ft.

Phase 2b, valued at 2.8million, it is being built by local contractor, Interserve, which will relocate into the larger of the two office units from its present site in Forest Hall upon completion of construction.

At ground floor level, Greggs will occupy unit one, providing 1,022 sq ft; Norchem Pharmacy will occupy unit two, providing 1,424 sq ft; Marie Curie Cancer Care has taken unit five, offering 938 sq ft and Thoughts Card and Gift retailer will occupy unit six, providing 647 sq ft. Two units remain available.

Rokeby, a developer with considerable experience of working on regeneration schemes as a private sector partner to local authorities, commenced its contribution to the successful redevelopment of Shields Road back in 2001 with the construction of the Morrisons superstore. This acted as a catalyst for further development under Phase 2a which included the construction of a KFC restaurant and a Gala Bingo hall.

Rokeby Development's, director, Adrian Goodall, said: "We currently have a total of 250,000 sqft of retail developments on site at present and remain confident about the retail market despite prevailing market conditions. The retail sector is still interested when it comes to good quality accommodation, in the right location, at the right rental levels."

With such well respected covenants as Greggs and Marie Curie Cancer Care, a delighted Lawal Zubairu of letting agent, Sanderson Weatherall, said: "We have already had a number of speculative enquiries, however, now that construction has commenced, I anticipate that the level of interest will rise. Potential tenants will see the development as an attractive proposition, especially with Greggs, Marie Cure Cancer Care and pharmacy operator, Norchem as neighbours, which all have a complementary customer base."